Civic Intelligence

Fort Bend Voa Elderly Housing Inc

EIN 74-2431303 • 501(c)3 • Alexandria, VA

Profile

Provides housing to elderly and disabled persons and families under section 202 of the national housing act under an agreement with the department of hud

1660 Duke StreetAlexandria, VA 22314
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.36x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

97th percentile

5.92x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Net Margin

22nd percentile

-9.9%

Higher net margin than 22% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

99th percentile

$868,407

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 118.8% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2025

Asset Growth

23rd percentile

-5.5%

Faster asset growth than 23% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

35th percentile

-0.7%

Faster revenue growth than 35% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$3,172,116

Down $183,698 (-5.5%) from 2024

Liabilities

Down

$4,327,971

Down $111,217 (-2.5%) from 2024

Net Assets

Down

-$1,155,855

Down $72,481 (-6.7%) from 2024

Revenue

Down

$731,165

Down $5,078 (-0.7%) from 2024

Expenses

Down

$803,646

Down $128,849 (-14%) from 2024

Net Income

Up

-$72,481

Up $123,771 (+63%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$6.0M$4.0M$2.0M$0-$2.0MAssets 2011: $1,813,163Liabilities 2011: $2,074,787Net Assets 2011: -$261,6242011Assets 2012: $1,714,460Liabilities 2012: $1,971,907Net Assets 2012: -$257,4472012Assets 2013: $1,633,839Liabilities 2013: $1,905,083Net Assets 2013: -$271,2442013Assets 2014: $1,554,254Liabilities 2014: $1,832,339Net Assets 2014: -$278,0852014Assets 2015: $1,445,425Liabilities 2015: $1,755,872Net Assets 2015: -$310,4472015Assets 2016: $1,381,297Liabilities 2016: $1,677,156Net Assets 2016: -$295,8592016Assets 2017: $1,339,755Liabilities 2017: $1,570,598Net Assets 2017: -$230,8432017Assets 2018: $1,394,227Liabilities 2018: $1,576,133Net Assets 2018: -$181,9062018Assets 2019: $4,731,832Liabilities 2019: $4,932,129Net Assets 2019: -$200,2972019Assets 2020: $4,270,657Liabilities 2020: $4,634,794Net Assets 2020: -$364,1372020Assets 2021: $3,957,713Liabilities 2021: $4,482,365Net Assets 2021: -$524,6522021Assets 2022: $3,738,015Liabilities 2022: $4,434,070Net Assets 2022: -$696,0552022Assets 2023: $3,544,760Liabilities 2023: $4,431,882Net Assets 2023: -$887,1222023Assets 2024: $3,355,814Liabilities 2024: $4,439,188Net Assets 2024: -$1,083,3742024Assets 2025: $3,172,116Liabilities 2025: $4,327,971Net Assets 2025: -$1,155,8552025

Highlighted filing

2025

Assets$3,172,116
Liabilities$4,327,971
Net Assets-$1,155,855

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2011: $603,2332011Revenue 2012: $648,707Expenses 2012: $644,530Net Income 2012: $4,1772012Revenue 2013: $646,910Expenses 2013: $660,707Net Income 2013: -$13,7972013Revenue 2014: $654,488Expenses 2014: $661,329Net Income 2014: -$6,8412014Revenue 2015: $657,855Expenses 2015: $690,217Net Income 2015: -$32,3622015Revenue 2016: $668,651Expenses 2016: $654,063Net Income 2016: $14,5882016Revenue 2017: $678,878Expenses 2017: $613,862Net Income 2017: $65,0162017Revenue 2018: $690,576Expenses 2018: $641,639Net Income 2018: $48,9372018Revenue 2019: $659,509Expenses 2019: $677,900Net Income 2019: -$18,3912019Revenue 2020: $659,767Expenses 2020: $823,607Net Income 2020: -$163,8402020Revenue 2021: $735,898Expenses 2021: $896,413Net Income 2021: -$160,5152021Revenue 2022: $692,564Expenses 2022: $863,967Net Income 2022: -$171,4032022Revenue 2023: $690,633Expenses 2023: $881,700Net Income 2023: -$191,0672023Revenue 2024: $736,243Expenses 2024: $932,495Net Income 2024: -$196,2522024Revenue 2025: $731,165Expenses 2025: $803,646Net Income 2025: -$72,4812025

Highlighted filing

2025

Revenue$731,165
Expenses$803,646
Net Income-$72,481

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.17$4.33$1.16$0.73$0.80$0.07
2024Detailed filing. Detailed filing data is available for this year.$3.36$4.44$1.08$0.74$0.93$0.20
2023Detailed filing. Detailed filing data is available for this year.$3.54$4.43$0.89$0.69$0.88$0.19
2022Detailed filing. Detailed filing data is available for this year.$3.74$4.43$0.70$0.69$0.86$0.17
2021Detailed filing. Detailed filing data is available for this year.$3.96$4.48$0.52$0.74$0.90$0.16
2020Detailed filing. Detailed filing data is available for this year.$4.27$4.63$0.36$0.66$0.82$0.16
2019Detailed filing. Detailed filing data is available for this year.$4.73$4.93$0.20$0.66$0.68$0.02
2018Detailed filing. Detailed filing data is available for this year.$1.39$1.58$0.18$0.69$0.64$0.05
2017Detailed filing. Detailed filing data is available for this year.$1.34$1.57$0.23$0.68$0.61$0.07
2016Detailed filing. Detailed filing data is available for this year.$1.38$1.68$0.30$0.67$0.65$0.01
2015Detailed filing. Detailed filing data is available for this year.$1.45$1.76$0.31$0.66$0.69$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.55$1.83$0.28$0.65$0.66$0.01
2013Summary only. Only limited summary data is available for this year.$1.63$1.91$0.27$0.65$0.66$0.01
2012Summary only. Only limited summary data is available for this year.$1.71$1.97$0.26$0.65$0.64$0.00
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.81$2.07$0.26$0.60
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 17, 2025
Return Version
2024v5.0
Gross Receipts
$731,165
Mission and Program Overview

Mission

Provides housing to elderly and disabled persons and families under section 202 of the national housing act under an agreement with the department of hud

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,663,075$2,450,938▼ $212,137
Cash and Non-Interest-Bearing Accounts$7,808$53,907▲ $46,099
Prepaid Expenses and Deferred Charges$40,942$39,092▼ $1,850
Accounts Receivable$846$17,226▲ $16,380
Total Assets$3,355,814$3,172,116▼ $183,698
Other Assets Total$643,143$610,953▼ $32,190
Liabilities
Mortgage Notes Payable Secured by Investment Property$4,212,154$4,143,241▼ $68,913
Accounts Payable and Accrued Expenses$207,641$161,312▼ $46,329
Other Liabilities$19,142$16,660▼ $2,482
Deferred Revenue$251$6,758▲ $6,507
Total Liabilities$4,439,188$4,327,971▼ $111,217
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,083,374$-1,155,855▼ $72,481
Total Net Assets Fund Balance$-1,083,374$-1,155,855▼ $72,481
Total Liabilities and Net Assets / Fund Balance$3,355,814$3,172,116▼ $183,698

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,129,929$3,114,001$5,243,930
Other Land Buildings$86,130$306,614$392,744
Land$222,933-$222,933
Equipment$11,946$91,373$103,319
Other Assets Org$1,535--
Compensation and Service Providers

Employees

NameTitleOtherTotal
David NisivocciaAsst. Treas/$516,603$516,603
Joseph BudzynskiAsst Treas/s$465,439$465,439
Paul SoczynskiAsst. Treas/$378,447$378,447
Peter DesjardinsAsst. Treas/$319,503$319,503
Nancy GavinAsst. Sec/tr$285,594$285,594
Kimberly KingAsst. Treas/$256,810$256,810
David PaskoffAsst. Treas/$197,896$197,896
Dejernette BeatyAsst. Treas/$193,522$193,522
Faith NutzAsst. Sec/tr$169,200$169,200

Board Members and Trustees

NameTitle
Nancy RaseChair
Michael W KingPresident
Derrick PerkinsVice Chair
Beth MullenDirector
Carmen JacksonDirector
Janet StringfellowDirector
Jeanne PetersonDirector
Keith KnappDirector
Patrick SheridanDirector
Patti ArnoldDirector
Shawn BloomDirector
Voris VigeeDirector
Walter TejadaDirector
Joseph BudzynskiAsst Treas/sec & CFO
Faith NutzAsst. Sec/treas
Nancy GavinAsst. Sec/treas
David NisivocciaAsst. Treas/sec
David PaskoffAsst. Treas/sec
Dejernette BeatyAsst. Treas/sec
Kimberly KingAsst. Treas/sec
Paul SoczynskiAsst. Treas/sec
Peter DesjardinsAsst. Treas/sec
Karen HackettSecretary
Karen EricksonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$727,367
Investment Income
$3,798
Other Revenue
$0
Change in Net Assets
$-72,481

Audited Revenue Reconciliation

Revenue per Audited Statements
$731,165
Total Revenue per Audited Statements
$731,165
Total Revenue per Form 990
$731,165
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$657,839
Salaries, Compensation, and Employee Benefits$145,807
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$261,654--$261,654
Depreciation Depletion$217,281--$217,281
Other Salaries and Wages$127,707--$127,707
Fees for Services Management-$46,960-$46,960
Office Expenses$36,146--$36,146
Fees for Services Accounting-$20,157-$20,157
Payroll Taxes$9,479--$9,479
Interest$8,815--$8,815
Other Employee Benefits$8,621--$8,621
Conferences and Meetings-$4,481-$4,481
Other Expenses$2,016--$2,016
Advertising$1,683--$1,683
Insurance$1,127--$1,127
Total Functional Expenses$732,048$71,598$0$803,646

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$803,646
Total Expenses per Audited Statements$803,646
Total Expenses per Form 990$803,646
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Tenant Security Deposits$16,660
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 1A

The organizations governing body delegated broad authority to an executive committee. The executive committee is composed of the following five officers of the organization: chair, president, vice chair, secretary, and treasurer. There are no executive committee members who are not on the governing body. The executive committee has the authority of the governing body in the management of the business of the organization.

Form 990, Page 6, Part VI, Line 2

Michael king president dir and/or officer of voa david nisivoccia asst. Sec./a dir and/or officer of voa joseph budzynski asst. Sec./a dir and/or officer of voa nancy gavin asst. Sec./a dir and/or officer of voa faith nutz asst. Sec./a dir and/or officer of voa robin keller assistant se dir and/or officer of voa kimberly b. King asst. Sec./a dir and/or officer of voa peter desjardins asst. Sec./a dir and/or officer of voa

Form 990, Page 6, Part VI, Line 3

The organization has no employees, and has delegated control over certain property management duties to volunteers of america texas, inc. Pursuant to a property management agreement. Volunteers of america national services, as the parent and sponsoring corporation, assists in providing to its subordinate corporations general and administrative supervision, financial management, quality assurance, regulatory compliance, real estate development and strategic planning.

Form 990, Page 6, Part VI, Line 7A

Volunteers of america, inc. Has the right to appoint or approve directors and volunteers of america, inc. Has, in turn, transferred this authority to volunteers of america national services.

Form 990, Page 6, Part VI, Line 7B

The articles of incorporation and bylaws of the corporation may not be amended without the prior written approval of the secretary of the u.s. Department of housing and urban development. Directors may be removed with or without cause at the request of the u.s. Department of housing and urban development. The bylaws may not be amended without the prior written consent of volunteers of america, inc.

Form 990, Page 6, Part VI, Line 11B

The articles of incorporation and bylaws of the corporation may not be amended without the prior written approval of the secretary of the u.s. Department of housing and urban development. Directors may be removed with or without cause at the request of the u.s. Department of housing and urban development. The bylaws may not be amended without the prior written consent of volunteers of america, inc.

Form 990, Page 6, Part VI, Line 12C

The policy requires officers, directors and key employees to disclose annually interests that could give rise to conflicts. The policy and disclosure form are distributed and collected annually, and individuals are required to update the disclosure form throughout the year in the event actual or potential conflicts arise. Conflicts of interest are reviewed by the board of directors. Persons with a conflict are prohibited from participating in the governing body's deliberations and decisions in the transaction.

Form 990, Page 6, Part VI, Line 19

Available at the address below: 1660 duke street alexandria, va 22314

Filing and Contact Details

Filer

Filer Name
Fort Bend Voa Elderly Housing Inc
EIN
74-2431303
Phone
7033415000
Address
1660 DUKE STREET, ALEXANDRIA, VA 22314

Signing Officer

Name
Dejernette Beaty
Title
Asst. Treas/sec
Phone
7033415000
Signed
2025-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dejernette Beaty
Formed
1988
Legal Domicile
TX
Voting Board Members
15
Independent Board Members
13
Employees
0

Preparer

Firm
Maddox & Associates Apc
Address
5627 BANKERS AVE BLDG 2, BATON ROUGE, LA 70808-2610
Preparer
William B Beale
Phone
2259263360
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